Ann: June Quarter Production, page-74

I'll add some technical analysis to this, kind of a continuation of my post on 26/06/2020. See Post #:45405019


As stated in the previous post there will be some resistance around the $0.60 mark. We are feeling the effects of that in the last 4 trading days. However a Golden Cross (50 day cross the 200 day to the upside) officially occurred. This is usually a very strong buy signal to the Algo's and the market in general. The last time a golden cross happened on AMI was mid-April 2016 and she ran hard for almost 3 years. So to those that think that they may have missed the boat this, please think again. She has ways to go yet and there are plenty of opportunities to buy the dip and build a long term position the next couple of years... personally the closer you can buy AMI on that green trend line the better for your health

In hindsight it is clear that AMI may have gotten ahead of itself, specially with all that talk of being the next NST (I'm looking squarely at Livewire here for such an amazing pump and dump). I'm not sure if the video is still around but it is worth a watch for Sh!ts and giggles. All it needed was for Jim Simpson to get fired, the Hera operations under-perform and resources downgraded for the whole house of cards came tumbling down. I actually believe this Covid crises is a blessing for AMI, It got rid of the weak hands.

All in the past now, trend (green line) is your friend until the end.